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Unnamed buyers of Wimm-Bill Dann (WBD), who purchased 400K ADR's in the days prior to the...

Unnamed buyers of Wimm-Bill Dann (WBD), who purchased 400K ADR's in the days prior to the announcement of PepsiCo's (PEP) acquisition, have been sued by the SEC. WBD jumped more than 30% on the release of the news, giving a $2.7M profit to the sued investors.
Comments (3)
  • Neil459
    , contributor
    Comments (2644) | Send Message
     
    I'll bet no one goes to jail. This is just a tax in disguise. As long as a criminal gives the SEC a reasonable cut, they never get prosecuted.
    8 Dec 2010, 04:06 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3314) | Send Message
     
    Why are they not named?
    I thought such insider trading is a criminal offense, so why are the being sued, instead of arrested?

     

    Maybe we'll all have to get it from Wikileaks.
    8 Dec 2010, 04:08 PM Reply Like
  • Micah
    , contributor
    Comments (468) | Send Message
     
    Wimm-Bill Dann is a Russian firm - I find it hard to believe there is any corruption or insider trading over there?
    8 Dec 2010, 04:57 PM Reply Like
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